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20121105
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CNBC
Nov 5, 2012 6:00pm EST
a deal. then back in august, they announced it would buy bp's carson, california, refinery. also get some related logistics, 2.5 billion. property is located right next to the other refineries. are little investment, they could be combined into a single facility which would save a bundle. what other oil patch vultures have swooped in to pick off pieces? there have been a bunch of master limited projects to do some opportunistic buying. take line energy. back in february bought $1.2 billion of oil energies in kansas. and then in june, they announced that it will buy another billion dollars worth of assets in wyoming. these are both terrific purchases that should allow them to boost the distribution. if you're a regular investor, the best way to play in an i.r.a. is line co. bp also sold off its canadian business to paa back in 2011. so far the deal has been work out very nicely and that gives you a juicy 4.8% yield and barely more than a point off. last but not least, the exploration and production companies that have bought up oil and gas. way back in july of 2010, when the mccondo disast
Search Results 0 to 0 of about 1